PIPR vs. ATAT
PIPR (Piper Sandler Companies) and ATAT (Atour Lifestyle Holdings Limited) are both stocks. PIPR operates in Capital Markets (Financial Services), while ATAT operates in Lodging (Consumer Cyclical). Over the past 3 years, PIPR returned 31.32%/yr vs 23.76%/yr for ATAT. At a 0.16 correlation, their price movements are largely independent.
Performance
PIPR vs. ATAT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PIPR achieves a -13.26% return, which is significantly higher than ATAT's -16.93% return.
PIPR
- 1D
- -1.82%
- 1M
- -7.47%
- 6M
- -18.42%
- YTD
- -13.26%
- 1Y
- -2.12%
- 3Y*
- 31.32%
- 5Y*
- 21.93%
- 10Y*
- 24.78%
ATAT
- 1D
- 1.74%
- 1M
- -3.48%
- 6M
- -17.43%
- YTD
- -16.93%
- 1Y
- -6.92%
- 3Y*
- 23.76%
- 5Y*
- —
- 10Y*
- —
PIPR vs. ATAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PIPR Piper Sandler Companies | -13.26% | 15.52% | 74.24% | 37.78% | -8.25% |
ATAT Atour Lifestyle Holdings Limited | -16.93% | 49.78% | 58.43% | -2.92% | 16.26% |
Correlation
The correlation between PIPR and ATAT is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2022 | 0.16 |
Fundamentals
PIPR:
$4.87B
ATAT:
$4.45B
PIPR:
$3.95
ATAT:
CN¥13.16
PIPR:
18.24
ATAT:
16.60
PIPR:
1.21
ATAT:
0.10
PIPR:
2.57
ATAT:
2.86
PIPR:
3.83
ATAT:
8.23
PIPR:
$2.00B
ATAT:
CN¥10.65B
PIPR:
$1.95B
ATAT:
CN¥4.63B
PIPR:
$455.82M
ATAT:
CN¥2.46B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PIPR vs. ATAT — Risk / Return Rank
PIPR
ATAT
PIPR vs. ATAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Piper Sandler Companies (PIPR) and Atour Lifestyle Holdings Limited (ATAT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PIPR | ATAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.99 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | -0.33 | +0.24 |
| Martin ratioReturn relative to average drawdown | -0.19 | -0.71 | +0.51 |
Loading charts...
Drawdowns
PIPR vs. ATAT - Drawdown Comparison
The maximum PIPR drawdown since its inception was -76.97%, which is greater than ATAT's maximum drawdown of -46.91%. Use the drawdown chart below to compare losses from any high point for PIPR and ATAT.
Loading charts...
Drawdown Indicators
| PIPR | ATAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.97% | -46.91% | -30.06% |
Max Drawdown (1Y)Largest decline over 1 year | -24.56% | -25.32% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -38.78% | -30.96% | -7.82% |
Max Drawdown (5Y)Largest decline over 5 years | -42.30% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -63.02% | — | — |
Current DrawdownCurrent decline from peak | -22.06% | -23.69% | +1.63% |
Average DrawdownAverage peak-to-trough decline | -30.56% | -20.14% | -10.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.45% | 11.87% | -0.42% |
Volatility
PIPR vs. ATAT - Volatility Comparison
Piper Sandler Companies (PIPR) has a higher volatility of 11.17% compared to Atour Lifestyle Holdings Limited (ATAT) at 9.00%. This indicates that PIPR's price experiences larger fluctuations and is considered to be riskier than ATAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PIPR | ATAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.17% | 9.00% | +2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 27.76% | 27.89% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.06% | 37.60% | -2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.41% | 58.52% | -23.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.54% | 58.52% | -21.98% |
Dividends
PIPR vs. ATAT - Dividend Comparison
PIPR's dividend yield for the trailing twelve months is around 2.74%, less than ATAT's 2.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ATAT Atour Lifestyle Holdings Limited | 2.79% | 1.98% | 1.67% | 0.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PIPR Piper Sandler Companies | 2.74% | 1.68% | 1.17% | 2.09% | 5.30% | 3.81% | 1.98% | 1.88% | 4.74% | 1.45% |
Financials
PIPR vs. ATAT - Financials Comparison
This section allows you to compare key financial metrics between Piper Sandler Companies and Atour Lifestyle Holdings Limited. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
PIPR vs. ATAT - Profitability Comparison
PIPR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Piper Sandler Companies reported a gross profit of 456.39M and revenue of 475.15M. Therefore, the gross margin over that period was 96.1%.
ATAT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Atour Lifestyle Holdings Limited reported a gross profit of 1.16B and revenue of 2.79B. Therefore, the gross margin over that period was 41.4%.
PIPR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Piper Sandler Companies reported an operating income of 88.67M and revenue of 475.15M, resulting in an operating margin of 18.7%.
ATAT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Atour Lifestyle Holdings Limited reported an operating income of 568.24M and revenue of 2.79B, resulting in an operating margin of 20.3%.
PIPR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Piper Sandler Companies reported a net income of 65.24M and revenue of 475.15M, resulting in a net margin of 13.7%.
ATAT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Atour Lifestyle Holdings Limited reported a net income of 460.55M and revenue of 2.79B, resulting in a net margin of 16.5%.
Frequently Asked Questions
PIPR and ATAT have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIPR has higher volatility (11.17%) compared to ATAT (9.00%). In terms of maximum drawdown, PIPR dropped -76.97% vs ATAT's -46.91%.
PIPR currently has the higher Sharpe Ratio (-0.06 vs -0.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for PIPR and ATAT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer